ZKsync Price Forecast: January 2
Today, the ZKUSD pair experienced a price reversal as the token witnessed a notable correction. The crypto reverses as the price starts to increase, with emerging reversal patterns and growth. The cryptocurrency will, therefore, enter a bullish trend if it makes a significant push from its current price at the $0.189 supply value above the supply trend levels. This push might extend to the $0.273 resistance level, resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $0.189, $0.190, $0.191
Support Levels: $0.150, $0.149, $0.148
ZKUSD Long-term Trend: Bearish (4H chart)
The ZKsync pair shows strength as it experiences a price reversal below the supply, indicating a bearish trend pattern in its higher time frame. The coin is trading below the EMA-50, confirming its bearish trend. 
The sustained bearish pressure at the $0.182 support value in the last session has contributed to the ZKUSD price drop below the supply levels in its recent high.
At the press time, the ZKUSD price experienced a price reversal to the $0.189 high value below the EMA-50 as the 4-hourly chart opens today, demonstrating remarkable resilience in a correcting market.
Hence, a breakout from the $0.189 current resistance to hit the $0.211 previous barrier level could attract momentum buyers to propel the price toward the $0.273 peak level.
Additionally, the daily stochastic remains upward. Hence, if the ZKUSD buyers manage to break above the $0.273 previous supply trend line, the market participants may witness a new recovery rally to the $0.300 upper high mark in the coming days as the price experiences a price reversal and starts to increase in its long term forecast.
ZKUSD Short-term Trend: Bearish (1H chart)
The ZKUSD price bar is seen below the moving averages as it experiences a price reversal to begin its upward trend in its medium-term outlook.
The intervention from the sell traders at the $0.182 high value in the previous action has made the coin price experience a price reversal below the supply trend line in its recent high.
The market value of ZKsync has just experienced a price reversal to the $0.189 resistance level below the moving averages shortly after the commencement of the 1-hourly chart today, indicating that positive sentiment is returning to the market soon. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.
Hence, more actions are required by the bulls to forecast an increase in the price to retest the $0.214 previous mark as the journey up north continues.
Furthermore, the daily stochastic moving upward indicates more upside potential in the ZKsync market; we may anticipate further gains and strength from the coin.
The coin price may surge high to reach the $0.300 upper high mark in the next few days as it experiences a price reversal in its medium-term outlook.
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